Blurring the Borders. How the Central Banks of the European Neutrals During the First World War Became Part of the State Machinery: Examining the Case of Norway

Abstract

This article analyses the relationship between the central banks and governments in the neutral countries during the First World War, with focus on the Norwegian development. It examines how independence was challenged, and the framework is a concept of central bank independence, which regards non-lending to the state as vital to the functioning of the central banks. This is a novel approach to the development during the war as the perspective has barely been discussed in the literature in Norway, and also seems to be disregarded in the standard international literature on central bank development. From this perspective the article argues that the Norwegian central bank’s pre-war independence was substantial compared to other central banks. Moreover, the distinct borders between central bank and government also safeguarded Norges Bank’s autonomy longer than in comparable countries after the outbreak of war. However, by the end of the war, Norges Bank had become one of the neutral central banks most interwoven with the state. Based on the historical development in different countries, the article questions the notion of the standard literature that lending to the state in a crisis was a central bank duty.     

Postwar development in the Italian Mezzogiorno. Analyses and policies

Abstract

As Manlio Rossi-Doria wrote, in the early postwar years, the Southern Question was primarily an agrarian one. The debate and policies that addressed the Southern Question, however, did not remain confined solely to the agrarian dimension. The transformation of Southern agriculture was inextricably connected to two additional features of the Italian Mezzogiorno: first, the huge demographic expansion, and second, the lack of an industrial sector able to absorb the excessive agrarian population and to lead a process of economic diversification and internationalization. Above all, the solution to the Southern Question was interpreted as a truly national task. The development of the Mezzogiorno was at the basis of the collaboration between Italy and the World Bank throughout the 1950s. That experience became the subject of an intense debate over development policies that went beyond the Italian borders and embraced the question of postwar development worldwide. The Italian experience turned eventually out to be a failure. One feature of that experience remained vital, though, and has been underscored by contemporary scholars: the solution to the Southern Question is to be found at the national level, not just regionally.     

Democracy without Certainty: Derek Malone-France and the Virtue of Anxiety

Abstract

Globalization rocks the world, perhaps even rules it. Whatever the perception, the impact it has on the world's population means it cannot be ignored. A recent development has been the introduction of religious terminology into the debate about the phenomenon. Some commentators have described globalization itself as a ‘new religion’; others refer to new gods, and to the concepts of redemption, salvation and sacrifice. This paper picks up the religious theme by analyzing and critiquing globalization in terms analogous to Christianity. It then assesses the November 2001 meeting of the World Trade Organization (WTO) in Doha, and the International Monetary Fund (IMF) and the World Bank (WB) gathering in Ottawa—which were taking place at the time of writing and were the first such meetings after the terrorist attacks in the USA on 11 September 2001. A final section considers 9/11 and how the idea of countering terror with trade might work in practice.     

Are Ukraine’s reforms breaking its state capture? An agenda for genuine change

Abstract

Ukraine is one of a handful of post-communist countries that has a lower Gross Domestic Product today than in 1990, according to the World Bank. The problem is that it has seen too little reform. The country has experienced three serious periods of reform, but none has been as important as the reforms of 2015. The big question is whether Ukraine has finally broken out of persistent state capture. This paper by long-lasting Ukraine-watcher Anders Åslund suggests that Ukraine has carried out greater economic reforms than ever before with the unification of energy prices, large budget cuts, floating exchange rates, halved payroll tax, and a major bank purge. Yet, the question remains whether Ukraine has really broken out of state capture and whether it will be able to turn to a steady course of high economic growth of 5–7% a year.     

Thinking about the World Bank’s “accordion” geography of financial globalization

Two “flagship” World Bank reports, entitled The Long March—A Reform Agenda for Latin America and the Caribbean In The Next Decade (1997) and the World Development Report, 1999–2000 (2000), are the subject of this paper. Both publications attempt to come to terms with the policy and practice of structural adjustment in the context of a new geography of global finance. This paper argues that the geographical imagination employed in both World Bank reports is the product of a dominant statist geographical imagination that struggles to explain contemporary developments in the geography of money. The paper starts with a brief discussion of the Mexican peso and debt crisis, and the World Bank’s practice of structural adjustment. Through an interrogation of both World Bank papers, thought is then given to the purchase of territorialized state-based mappings of the global economy. The paper wraps up with a brief conclusion concerning the explanatory salience of scale.

Internationally mobile capital is here to stay. Growing trade links, new communication technologies, and increasingly sophisticated financial products are making national borders more porous to financial flows. The challenge facing policymakers in developing countries is how to navigate through this financially integrating world (World Development Report 1999-2000, 2000: 85).

[W]hereas the horizons of the world of money and finance are global and deterritorialized, the political imagination seems wedded to territorialism and the borders of the nation state (Leyshon &Thrift, 1997: 290).

     

A Qualitative Approach for Assessment of the Burial Environment by Interpreting Soil Characteristics; A Necessity for Archaeological Monitoring

Abstract

Modern-day archaeological monitoring is often hampered by lack of money, lack of time, inadequate measuring equipment, and lack of insight in the conservation potential of a site.

Although in modern archaeological excavations soil characteristics are noted (colour, texture, groundwater level, and sometimes mineralogy), these characteristics are mainly used for the interpretation of a site. However, by looking to these characteristics from a conservational view eventually combined with the conservation status of the archaeological objects, much can be learned about the burial environment. This is essential for optimizing archaeological monitoring.

Degradation processes result from the change of reactive phases in the soil or the site. Reactive phases are soil components such as organic matter, sulfides, iron(hydr)oxides and carbonates (chalk, shells), and, if present, components in the ground or interstitial water such as hydrogen ions and sulphate. The presence of these phases can easily be established by the archaeologist or soil scientist in the field. We propose a simple field-based method for assessing degradation processes essential for in situ preservation and monitoring.     

Science and Technology at the World Bank, 1968–83

The World Bank was an important supporter of science and technology during the period 1968–83. President Robert McNamara’s poverty oriented strategy created challenges that led to technological research, technology assessment and technological innovation in agriculture, forestry, civil works construction, sanitation, and many other fields of development. The Bank also pioneered in financing governmental mechanisms to stimulate industrial innovation. On the other hand, its support to science and technology was limited by lack of an overall policy and systematic support from top management, as well as by cumbersome procedures designed for large infrastructural projects. Even so, its financial independence, its strong leadership, its experienced and non‐political technical staff, and its ability to scale up successful innovations through its project lending, made it an important promoter of appropriate technology in the developing world.     

Urban heritage ‘space’ under neoliberal development: a tale of a Jordanian plaza

What happens when urban heritage spaces within developing countries, such as Jordan, are subject to touristic development funded by international bodies, such as the World Bank? This question is explored theoretically and practically by considering a popular local plaza in the secondary Jordanian city of Jerash that has been subject to three tourism development projects funded by the World Bank. The study, which incorporates and critiques the discourse of neoliberalism within urban heritage development studies, seeks to analyse the World Bank projects and, more specifically, how they have defined, approached and produced outcomes in the Jerash plaza and its context. In so doing, the study triangulates the analysis with accounts by local respondents that identify major drawbacks in the World Bank approach, particularly its emphasis on conventional ‘readings’ of urban space that highlight universal values and histories, while neglecting and marginalising local values and understandings. The triangulation offers attentive ‘readings’ of the plaza as a place understood and experienced by a people. The challenge is to break with the neoliberal paradigm that dominates urban heritage development programmes (and their associated West–East dualisms and top-down approaches) by presenting local sociocultural and economic contexts as assets to enrich development projects, rather than obstacles to be ‘fixed’ and ‘fitted’ for tourism.     

Power Development at the northern end of Quarry Bank Mill,Styal Cheshire

Abstract

This paper presents, in condensed form, the results of an archaeological survey of the northern end of Quarry Bank Mill, Styal, Wilmslow, Cheshire (SJ 834832). Development of the galleries at this popular museum, run by the Quarry Bank Mill Trust Ltd for the National Trust, to include the history of power generation and use, is informed by the survey which has confirmed the dramatic nature of the changes in energy source and transmission in this part of the complex during the period 1784-1906. The survey reviews the physical evidence for the series of water wheels, steam engines, boilers, stacks, coal chutes etc and is able to refine the received history, challenging occasional misunderstandings such as in the dating of the bell tower.     

Women’s representation and participation in UNESCO heritage discourse

ABSTRACT

Gender equality represents one of the most challenging objectives in contemporary society and has become a priority for UNESCO (Medium-Term Strategy 2008–2013 and 2014–2021), as it is considered ‘an essential part of the equation for more inclusive and sustainable development’. However, in various World Heritage sites, women are still being marginalised from decisional processes concerning the identification and interpretation of the past and they are often underrepresented in the main narratives. Using the case study of the World Heritage Vineyard Landscape of Langhe-Roero and Monferrato (Italy), I explore how international and national documents frame gender equality in order to uncover underground power dynamics that risk undermining cultural representation and participation. Through the analysis of the interviews done with a group of local female wine producers, I compare heritage discourses with the perception women have of their contribution in the identity and heritage-building process. If dominant heritage discourses are characterised by a rather male-driven set of values, could lack of women’s representation influence the activation of their participation? Are women willing to participate in the management of a heritage which has not been recognised through their values and meanings? What kind of participation would they desire?     

Science and Politics: The Blackett Memorial Lecture

Abstract

Tribute is paid to Lord Blackett - who, like the Author, was President of the Royal Society - as a scientist, as a research leader during World War II and in his capacity as an adviser on science in India. Next, the distinctions amI analogies between science and politics are discussed; pure, applied and strategic research are defined; and the ambivalence between scientists and politicians is pointed out. Science for the Third World is touched on, and the difficulty of offering scientific advice to government is illustrated with the examples of nuclear war and acid rain; to render such advice valuable and relevant, financial independence is essential.     

The Bullion Controversy and the history of political thought: experience,innovation and theory

ABSTRACT

In 1797 the British government relieved the Bank of England of the obligation to pay specie for its notes upon demand; then, after bitter debate and sustained inflation, it restored this burden in 1821. The episode is studied as the “Bullion Controversy”, and it is commonly assigned high significance in the development of monetary theory. Yet the Bank stood as an old target for so-called “country” thought, which suspected commerce of corroding virtue and undermining the proper functions of Parliament. Both the Bank and the Whig regime that created it in 1694 had withstood such attacks, but in the nineteenth century these critical voices were joined by political economists who reworked the existing lines of attack, above all by presenting themselves not as defenders of an ancient virtue but as the champions of a modern, commercial society that was being endangered by the government's and the Bank's ignorance and self-interest. This paper thus examines the Bullion Controversy in relation to the history of political thought, and reveals how the return to convertibility represented an early victory for political economy's self-styled “theorists” in reforming the state's institutions in the nineteenth century.     

The concept of ‘outstanding universal value’ in the World Heritage Convention

Abstract

The basic criterion for inclusion of a property on the World Heritage List is that of ‘outstanding universal value’, as defined in the 1972 UNESCO World Heritage Convention. The paper demonstrates the problems encountered in attempting to apply the concept of universality to material culture; this is reflected in the cultural and regional imbalances in the present List. It is recommended that there be a moratorium on the addition of further properties already well represented on the List and that active steps be taken to include types of cultural property and geocultural regions that are currently underrepresented, such as industrial heritage, cultural landscapes and nonmonumental cultures.     

The quality and appropriateness of forensic anthropological education in the UK

Abstract

Recently there has been a noticeable increase in the number of forensic anthropology courses, in a variety of guises, being offered by UK universities. Now is an appropriate time to examine this situation and discuss whether it is appropriate that such courses are available to students. If it is decided that such courses are indeed appropriate, one needs to continue by examining their quality. This paper examines these educational issues and serves to begin a dialogue to discuss them further within the young disciplines.     

Global Poverty: National Accounts Based versus Survey Based Estimates

This article examines the dollar‐a‐day poverty estimates produced by the World Bank. It highlights the lack of consistency between average consumption and income in household surveys and national accounts data. After examining the likely sources of divergence between the two series, the author proposes a new method of estimation of poverty, based on calibrating the survey means by conditioning on national accounts aggregates. The new poverty estimates, which are consistent with national accounts data, are contrasted with the World Bank estimates. The implications of the findings for the debate on the relationship between poverty and economic growth are also briefly discussed.     

Max Pulver’s Himmelpfortgasse: Fictionalizing the 1920s Cocaine Craze in German-Speaking Europe

Abstract

In the years following the end of the First World War, cocaine achieved unprecedented popularity in Europe, a development reflected in the number of novels dealing with cocaine use by writers from across the Continent. One such is Max Pulver’s Himmelpfortgasse, first published in 1927, which tells of a Munich-based intellectual torn between his respectable bourgeois existence and his cocaine-fuelled passion for a young Viennese painter. After a brief interlude in Berlin, the protagonist follows his new love to Vienna, but their relationship soon deteriorates. The plot of the novel is unremarkable, but its depiction of three separate cocaine-using cliques, each based in a different city and each with a distinct social position and political orientation, vividly illustrates the extent to which recreational use of cocaine spread across geographical, socio-economic, and ideological divides in the period in question. Moreover, the narrator’s essayistic reflections on the function, effects, and social practice of cocaine use allow for productive cross-reading with contemporary toxicological sources. Pulver’s novel also occupies a curious position in literary history. As well as being one of several European cocaine novels of the inter-war period, it shows substantial thematic and stylistic links to the treatment of cocaine in the writings of Expressionist poet Gottfried Benn dating to the previous decade. Himmelpfortgasse’s Expressionist elements add to its distinctiveness, but have probably also contributed to the novel’s relative lack of commercial and critical success.